OneChicago, an equity finance exchange, today announced September 2013 volume of 1,264,283. Open interest stood at 669,479 contracts on the equity finance exchange at close-of-market, September 30, 2013, up 36 percent year-over-year.
Year-to-date volume, as of September represents a record for the exchange, insofar that the volume of 6.9 million has surpassed all of 2012.
“It is a truism in the markets that volume begets volume. Our year over year volume trends have caught the attention of not only commodity traders looking for synthetic access to the equity markets without any dividend risk but also to equity participants looking to reduce balance sheet prior to Basel III implementation,” said David Downey, CEO of OneChicago.
1,224,885 Exchange Futures for Physicals (EFPs) and blocks were traded. September 2013 EFPs and blocks activity represented $5.6 billion in notional value.
Fifty nine percent of September 2013 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
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